Estimated Cost & Tax Impact

The proposed bond would authorize up to $79,600,000 in funding for eligible capital improvement projects.

Estimated Tax Impact

If approved by voters, the estimated tax rate is projected to be approximately:

• Estimated annual tax rate of proposition 407: $0.44 per $100 of net assessed property value
• Estimated annual cost for a home with an assessed value of $217,828: $95.85 per year
• Estimated monthly cost: Approximately $7.99 per month

These estimates are based on current property valuations and may change depending on future assessed values, interest rates, and the timing of bond sales.

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How Bond Funding Works

School bonds are repaid over time through property taxes. Rather than receiving all funding at once, the District typically issues bonds in phases as projects move forward, helping align financing with construction schedules.

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Bond Funds May Only Be Used For

If approved, bond proceeds may only be used for voter-approved capital projects such as:

• School facilities
• Safety and security improvements
• Building repairs and renovations
• Infrastructure upgrades
• Student transportation
• Technology and equipment authorized by Arizona law

Bond funds cannot be used for:

• Teacher or staff salaries
• Employee benefits
• Classroom operating expenses
• Utilities
• General district operating costs

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Financial Oversight

The District is committed to transparency and accountability. Bond expenditures would be managed in accordance with Arizona law, District policies, and independent financial auditing requirements. As appropriate, the District may establish committees to review project estimates, bid recommendations, construction timelines, and overall project progress to help ensure responsible stewardship of public funds.